U.S. spot bitcoin exchange-traded funds (ETFs) experienced net outflows of $95 million on November 10, extending a losing streak to four consecutive days, according to data from Sosovalue. The outflows bring the cumulative net outflows for 2026 to more than $1.1 billion.
Overall Fund Size and Recent Trends
After the latest withdrawals, total net assets across U.S. spot bitcoin ETFs stood at $92.82 billion. The funds were up $1.43 billion year‑to‑date three weeks ago, but as of November 9 they showed a net outflow of $1.03 billion. Compared with the previous year, the products had attracted $24.7 billion, and $25.8 billion in 2024, representing a swing of roughly $25.7 billion from the 2025 pace.
BlackRock’s iShares Bitcoin Trust Leads the Outflows
BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the majority of the selling pressure, recording seven straight days of outflows since October 30, totalling $1.66 billion. On November 9, IBIT alone lost $213.2 million, while the broader group saw $201.1 million exit. Morgan Stanley’s MSBT reported a $22.1 million inflow on the same day.
Monthly Outflow Summary
Including the November 10 data, the funds have posted net outflows on six of seven trading days in November, amounting to roughly $1.58 billion. The largest single‑day outflow occurred on November 5, when $430.2 million left the funds. The only day with net inflows was November 4, when Fidelity’s FBTC attracted $236.7 million.
Macro Factors
The outflows coincide with a shift in U.S. interest‑rate expectations. October’s consumer price index rose 0.4 % month‑over‑month, above the 0.3 % forecast, and Bitcoin fell to $72,787 following the release. Goldman Sachs later forecast two 25‑basis‑point Federal Reserve rate hikes in December and March 2027, a development that typically pressures non‑yielding assets such as Bitcoin.
Current Price Context
Bitcoin was trading near $73,700, down about 1.5 % over the preceding 24 hours.
